32919 Benbow DrGraham, WA 98338

Property Details for 32919 Benbow Dr

Property type

Specialty properties

Property subtype

Other specialty properties

Description

Exceptional investment opportunity: Camp Lakeview Resort & Land, a 296.09-acre property in Graham, WA, near Mt. Rainier National Forest, is available via court-ordered sale. This unique property includes a marina on Lake Tanwax, 51 RV spaces (42 currently rented long-term), 16 additional RV sites, and 65 campsites. The resort boasts event facilities: a 1,950 sq ft Timber Lodge with commercial kitchen (seats 175), a 14-room Cedar Lodge (sleeps 53) with commercial kitchen, and a restored 1,081 sq ft Little Black Chapel (seats 100). Five cabins and seven cottages with full kitchens are also included, currently rented long-term. The property offers significant potential for increased revenue through improved marketing and operation of RV sites, cabins, and event facilities. Located 32 miles from Tacoma and 54 miles from Seattle, it benefits from proximity to a large metropolitan area. The asking price is $7,150,000, with a pro-forma NOI of $330,000 and an 8% cap rate. The sale includes excess land with potential for future development. Alcohol sales are not deed-restricted, allowing for potential expansion of revenue streams. The marina, RV resort, and campground can be sold separately from the forested land, which is listed at $4,250,000.

Location Insight

City

Graham

County

Pierce

State

Washington

Latitude

46.9569

Longitude

-122.258

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